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Vossloh Secures New Major Contract in China

Graphique de l'évolution du cours de l'action Vossloh AG (EBR:VOS).

Vossloh AG, a global technology group, has been awarded a significant contract to supply rail fastening systems for two high-speed train lines in China. The contract, valued at approximately €40 million, underscores Vossloh's prominent position in the rail infrastructure industry. Deliveries of the fastening systems are scheduled to commence in 2025.

The railway lines involved include a connection between Xining and Chengdu, a key economic hub in western China, and a route linking Lanzhou, the capital of Gansu province, to Hezuo. This deal highlights Vossloh’s ongoing contribution to China's expanding high-speed rail network, which is expected to reach over 70,000 kilometers by 2035.

Oliver Schuster, CEO of Vossloh AG, commented on the company's commitment to excellence and innovation, which has fortified their reputation and customer trust in China. Vossloh Fastening Systems China Co. Ltd., the group’s local subsidiary with about 130 employees, will manage the execution of this substantial order.

R. H.

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